The Maharashtra Stamp Act

Preamble

THE MAHARASHTRA STAMP ACT [Text as on 8th April 2025] CONTENTS PREAMBLE. SECTIONS. CHAPTER I PRELIMINARY 1. Short title, extent and commencement. 2. Definitions. CHAPTER II STAMP DUTIES (A) Of the Liability of Instruments to Duty. 3. Instruments chargeable with duty. 4. Several instruments used in single transaction of development agreement, sale, lease, mortgage or settlement. C 5. Instruments relating to several distinct matters or transactions. 6. Instruments coming within several descriptions in Schedule-I. 7. Payment of higher duty in respect of certain instruments. 8. Bonds or securities other than debentures issued on loans under Act IX of 1914 or other law. 9. Power to reduce, remit or compound duties. (B) Of Stamps and mode of using them. 10. Duties how to be paid. 10A. Duties to be paid in cash, by demand draft or by pay order by Government Controlled bodies, Insurance Companies and Banks. 10B. Stock exchange, etc., to deduct stamp duty from trading member's account. 10C. Duties to be paid in cash, or by demand draft or by pay order by notary. 10D. Certain Departments, Organisations, Institutions, etc., to ensure payment of stamp duty. 11. Use of adhesive stamps. 12. Cancellation of adhesive stamps. 13. Instruments stamped with impressed stamps how to be written. 14. Only one instrument to be on same stamp. 14A. Alterations in instruments how to be charged. 15. Instruments written contrary to sections 13, 14 or 14A deemed not duly stamped. 16. Denoting duty. (C) Of the time of stamping Instruments. 17. Instruments executed in State. 1 of deve 18. Instruments executed out of State. 19. Payment of duty on certain instruments or copies thereof liable to be increased duty in Maharashtra State. (D) Of Valuations for Duty. 20. Conversion of amount expressed in foreign currencies. 21. Stock and Marketable securities how to be valued. 22. Effect of statement of rate of exchange or average price. 23. Instruments reserving interest. 24. Certain instruments connected with mortgage of marketable securities to be chargeable as agreements. 25. How transfers in consideration of debt or subject to future payments, etc., to be charged. 26. Valuation in case of annuity, etc. 27. Stamp where value of subject matter is indeterminate. 28. Facts affecting duty to be set forth in instrument. 29. Direction as to duty in case of certain conveyances. (E) Duty by whom payable. Indi-pablode 30. Duties by whom payable. 30A. Duties payable by financial institution. CHAPTER III ADJUDICATION AS TO STAMPS 31. Adjudication as to proper stamps. 32. Certificate by Collector. 32A. Instrument of conveyance, etc., undervalued how to be dealt with. 32B. Appeal. 32C. Revision. CHAPTER IV INSTRUMENTS NOT DULY STAMPED 33. Examination and impounding of instruments. 33A. Impounding of Instruments after registration. 34. Instruments not duly stamped inadmissible in evidence, etc. 35. Admission of instrument where not to be questioned. 36. Admission of improperly stamped instruments. 37. Instruments impounded how dealt with. 38. Deleted. 39. Collector's power to stamp instruments impounded. 40. Instruments unduly stamped by accident. 41. Endorsement of instruments on which duty has been paid under sections 34, 39 or 40. 42. Prosecution for offence against stamp law. 43. Persons paying duty or penalty may recover same in certain cases. 44. Power to Revenue Authority to refund penalty or excess duty in certain cases. 45. Non-liability for loss of instruments sent under section 37. 46. Recovery of duties and penalties. CHAPTER V ALLOWANCES FOR STAMPS IN CERTAIN CASES 47. Allowance for spoiled stamps. 48. Application for relief order under section 47 when to be made. 49. Allowance in case of printed forms no longer required by Corporations. 50. Allowance for misused stamps. 51. Allowance for spoiled or misused stamps how to be made. 52. Allowance for stamps not required for use. 52A. Allowance for duty. 52B. Invalidation of stamps and saving. CHAPTER DaCode REFERENCE

Sections

Type to filter. 72 sections.

1. 1Short title, extent and commencement
2. 2Definitions
3. 3Instruments chargeable with duty
4. 4
5. 6Instruments coming within several descriptions in Schedule I
6. 7Payment of higher duty in respect of certain instruments
7. 8
8. 9Power to reduce, remit or compound duties
9. 10Duties how to be paid
10. 11Use of adhesive Stamps
11. 12Cancellation of adhesive stamps
12. 14Only one instrument to be on same stamp
13. 15Instrument written contrary to sections 13 3[, 14 or 14A deemed not duly stamped]
14. 16Denoting duty
15. 17Instruments executed in State
16. 18Instruments executed out of State
17. 19
18. 20Conversion of amount expressed in foreign currencies
19. 21Stock and marketable securities how to be valued
20. 22Effect of Statement of rate of exchange or average price
21. 23Instruments reserving interest
22. 24
23. 26Valuation in case of annuity, etc
24. 27Stamp where value of subject matter is indeterminate
25. 28Facts affecting duty to be set forth in instrument
26. 29Direction as to duty in case of certain conveyances
27. 30Duties by whom payable
28. 31Adjudication as to proper stamps
29. 32Certificate by Collector
30. 32CRevision
31. 33Examination and impounding of instruments
32. 34Instrument not duly stamped inadmissible in evidence, etc
33. 35Admission of instrument where not to be questioned
34. 36Admission of improperly stamped instrument
35. 37Instrument impounded how dealt with
36. 38
37. 39Collector's power to stamp instruments impounded
38. 40Instrument unduly stamped by accident
39. 41Endorsement of instruments on which duty has been paid under section 34, 39 or 40
40. 42Prosecution for offence against stamp law
41. 43Persons paying duty or penalty may recover same in certain cases
42. 44Power to Revenue authority to refund penalty or excess duty in certain cases
43. 45Non-liability for loss of instruments sent under section 37
44. 46Recovery of duties and penalties
45. 47Allowance for spoiled stamps
46. 48Application for relief order under section 47 when to be made
47. 49Allowance in case of printed forms no longer required by Corporations
48. 50Allowance for misused stamps
49. 52Allowance for stamps not required for use
50. 53Control of and statement of case to Chief Controlling Revenue Authority
51. 54Statement of case by Chief Controlling Revenue Authority to High Court
52. 55Power of High Court to call for further particulars as to case stated
53. 56Procedure in disposing of case stated
54. 57Statement of case by other Courts to High Court
55. 58Revision of certain decision of Courts regarding the sufficiency of stamps
56. 59Penalty for executing, etc., instrument not duly stamped
57. 60Penalty for making false declaration on clearance list
58. 61Penalty for failure to cancel adhesive stamp
59. 62Penalty for omission to comply with provisions of section 28
60. 63Penalty for breach of rule relating to sale of stamps and for unauthorised sale
61. 64Institution and conduct of prosecutions
62. 65
63. 67Books, etc., to be open to inspection
64. 70Rounding off of fractions in duty payable or allowances to be made
65. 71
66. 72Delegation of certain powers
67. 73Saving as court-fees
68. 73A
69. 73B
70. 74Act not applicable to rates of stamp duty on bills of exchange, etc
71. 75Act to be translated and sold cheaply
72. 76Repeal of enactments